Pteris majority shareholder launches privatisation bid

Singapore

THE majority shareholder of Catalist-listed airport support equipment provider Pteris Global has launched a takeover bid for the company with the aim of delisting it.

But relatively unusually, the offeror has also said upfront that it does not expect to be able to garner enough acceptances to reach the squeeze-out threshold that would allow it to compulsorily acquire the remaining shares it does not own.